TEO LT, AB GROUP RESULTS FOR THE YEAR 2012

(approved by the Annual General Meeting of Shareholders)

Results for the year 2012

25.04.2013

WHAT IS TEO?
Leader in Lithuania Business philosophy History milestones Part of TeliaSonera Group Structure of the Group Main figures Main events Employees Awards
Results for the year 2012
/

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LEADERSHIP IN LITHUANIA

No.1

TELECOM OPERATOR IN TERMS OF REVENUE IN FIXED VOICE TELEPHONY IN BROADBAND INTERNET IN DIGITAL TELEVISION IN DATA COMMUNICATION AND LEASED LINES IN CARRIER BUSINESS IN INFORMATION PROVISION SERVICES IN DATA CENTER BUSINESS

Results for the year 2012

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BUSINESS PHILOSOPHY
VISION

Your best partner in communicating with the constantly changing world

By employing the most modern technologies we enable our customers to reach people, knowledge and entertainment

MISSION
To create value for shareholders and customers by providing professional and highquality telecommunications, TV and IT services

VALUES
OPENNESS RELIABILITY BUSINESS MINDED
Results for the year 2012

PARTNERSHIP
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HISTORY OF THE COMPANY

1992-1997

1998-2002

2003-2005

2006Re-branding

State-owned company

Privatization & modernization

Market liberalization

Results for the year 2012

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DEVELOPMENT OF SERVICES

Fixed voice telephony, leased lines & datacom

Internet: - dial-up (1998) - DSL (2001) - Wi-Fi (2005) - FTTH (2007)

Call Centre: - Directory Inquiry Service 118 (2000) - Telemarketing (2000) - IT Help Desk Service (2006)

IT business: - Outsourcing of IT infrastructure into data center (2001) - Back-up (2007) - Web hosting (2009) - Cloud computing (2009)

Digital TV: - IP TV (2006) - VoD (2007) - DVB-T (2008) - nPVR (2008) - HD TV (2009) - "Startover" (2012)

Results for the year 2012

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TEO PART OF TELIASONERA GROUP

TeliaSonera provides
telecommunication services in the Nordic and Baltic countries, the emerging markets of Eurasia, including Russia and Turkey, and in Spain

TeliaSonera in the Baltic States

Business Area Broadband Services
Elion (Estonia) 100% TEO (Lithuania) 88% Lattelecom (Latvia) 49%

Business Area Mobility Services

EMT (Estonia) 100% Omnitel (Lithuania) 100% LMT (Latvia) 60%
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Results for the year 2012

TEO GROUP
UAB Lintel
(information, telemarketing and remote customer care services)

TEO LT, AB
(voice, Internet, data communication, television and network services)

UAB Baltic Data Center

(data center and information systems management services)

UAB Hostex
(web hosting services)

TEO LT, AB also holds 100% stakes in UAB Verslo Investicijos (investment project) and

UAB Baltic Data Center has a dormant subsidiary in Latvia. On 23 April 2013 UAB Interdata, a subsidary of UAB Hostex, was merged into UAB
Results for the year 2012 25.04.2013

UAB Kompetencijos Ugdymo Centras (dormant subsidiary), and is the sole owner of a not-for-profit organization V Ryi Istorijos Muziejus (Communications History Museum)

Hostex. UAB Hosting, a subsidiary of UAB Interdata, became a subsidiary of UAB Hostex
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MAIN OPERATING FIGURES

31-12-2012 Number of telephone lines Number of broadband Internet accesses, in total:
- via fiber-optic lines - via copper lines - wireless (WiFi) access

31-12-2011 647,524 372,212

140,242 197,405 34,565

Change (%) (6.5) 3.7

13.5 (7.1) 17.0

605,424 385,863
162,038 183,396 40,429

Number of TV services users, in total:

- IPTV - DVB-T

169,285
94,665 74,620

151,175
79,918 71,257

12.0
18.5 4.7

Number of employees

3,257

3,303

(1.4)

Results for the year 2012

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MAIN EVENTS IN 2012

TeliaSonera AB increased its stake in TEO from 68.29 to 88.15 per cent. TEO launched long-term computer and office equipment rental services for businesses and organizations. TEO transferred management of its entertainment news portal Zebra.lt to UAB 15 min. The Company launched two additional ZEBRA Internet services: "Time Control" and "Storage". TEO offered residential customers to use bundled Internet, digital television and voice telephony services "Home 1", "Home 2" and "Home 3". Users of Interactive GALA were offered a new additional service Startover and a package of Russian channels, and in September three packages of Viasat channels. TEO offered its customer new additional payment plans for calls to mobile networks. In October, Arnas ikta, CEO of TEO, closed the trading session of the NASDAQ OMX Stock Exchange in New York. On 29 October 2012 Lithuania shutdown analogue TV broadcasting.
Results for the year 2012 25.04.2013 10

EMPLOYEES OF TEO GROUP

3,332
29 186 934 824 10 195 1,218

3,060

3,486
8

3,303
8

3,257
7 253 1,039

226 229 1,010

2,183

2,031

2,034

2,056

1,958

2008-12-31

2009-12-31 TEO

2010-12-31 Lintel

2011-12-31 Other

2012-12-31

BDC Group

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RECENT TEO AWARDS

NASDAQ OMX Baltic Market Awards 2012
The Best Investor Relations in the Baltic Countries The Best Annual Report The Best Investor Relations On-line One of the most attractive Lithuanian companies to small investors

Baltic Corporate Excellence Awards 2012

The Most Successful Listed Company in the Baltic States The Most Successful Listed Company in Lithuania

National Responsible Business Awards 2011

Socially Responsible Enterprise (Large corporations)

Results for the year 2012

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SERVICES PROVIDED
Network Voice telephony Internet access Digital television IT and data centres Call Centre Carrier business

Results for the year 2012

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TEO OPERATES THE LARGEST TELECOMMUNICATIONS NETWORK IN LITHUANIA

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VOICE TELEPHONY SERVICES

Number of telephone lines (thou.)

TEO has the majority of fixed voice telephony customers (90%) in Lithuania TEO voice telephony services are provided all over the country Customers are offered a number of flat-fee payment plans depending on their needs for domestic or international calls, calls to other fixed or mobile networks
768 722 689 648 605

2008-12-31 2009-12-31 2010-12-31 2011-12-31 2012-12-31

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INTERNET SERVICES
TEO has the majority of fixed broadband Internet access (50%) and 38% of all Internet (including mobile) users in Lithuania TEO provides Internet services all over the country 42% of TEO Internet connections are fiber optic (FTTH/FTTB), 48% copper (DSL) and 10% wireless (WiFi) connections TEO has the countrys largest network of 3,013 WiFi hot-spots In 2012, TEO offered new additional services: Storage (an online data storage service of up to 300 GB) and Time Control
Number of Internet connections (thou.)

386

372
346 298 313

2008-12-31 2009-12-31 2010-12-31 2011-12-31 2012-12-31

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INTERNET PLANS FOR RESIDENTIAL CUSTOMERS

Internet plan Premium Optimal Basic Start 24 hours Monthly fee (incl. VAT) LTL 79.90 LTL 49.90 LTL 39.90 LTL 29.90 LTL 9.90 Speed of fiber-optic (FTTH/FTTB) access up to 300 Mbps up to 100 Mbps up to 50 Mbps up to 10 Mbps Speed of copper (DSL) access up to 12 Mbps up to 8 Mbps up to 4 Mbps up to 2 Mbps up to 1 Mbps

In March 2012, TEO increased the speed of the

ZEBRA Internet plans Start and Basic FTTH, respectively, from 1 up to 2 Mbps and from 40 up to 50 Mbps Monthly fees for the Internet plans "Start", "Basic Plus" (DSL) and "Basic FTTH" were increased by 3 litas
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Results for the year 2012

TEO FIBER OPTIC (FTTH) NETWORK

A total of LTL 394 million was
invested in the next-generation fiber optic access network (FTTH) of TEO since 2007 TEO FTTH network operates in more than 100 Lithuanian cities and towns 764 thousand households, or 64% of the countrys households, by the end of December 2012 were passed by TEO FTTH network Lithuania is No. 1 in Europe in terms of FTTH/B penetration (Source: FTTH Council Europe)

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TELEVISION SERVICES
TEO has the majority of pay-TV service users (24%) in Lithuania TEO provides IPTV and DVB-T services all over the country where it is technically possible
Number of TV services users (thou.)

169 151 131 102 67

TEO also operates 2 out of 4 national networks of DVB-T transmitters (10 TV channels per network) and obtained the license to construct a third one
On 29 October 2012 Lithuania switched from analogue to digital TV broadcasting

2008-12-31

2009-12-31

2010-12-31

2011-12-31

2012-12-31

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INTERNET TELEVISION
Internet television (IPTV) service
Basic package consist of more than
50 TV channels Interaktyvioji GALA (Interactive GALA) was launched in October 2006

11 additional packages: news, sports,

cinema, leisure, knowledge, for kids, Russian channels, Viasat Sport, Viasat Movie, Viasat Combo and HDTV (in total more than 45 TV channels)

Basic monthly fee LTL 39,90 Video-on-demand service offers more

Number of exclusive IPTV features:

video recording, karaoke, games, digital radio, Facebook, YouTube, Picasa, Flickr and RSS feeds on a TV screen
Results for the year 2012 25.04.2013 20

than 2,000 video records

DIGITAL TERRESTRIAL TELEVISION

Digital terrestrial television (DVB-T)
service Skaitmenin GALA (Digital GALA) was launched in March 2008

It offers up to 40 TV channels all

over the country and 3 HDTV channels in Vilnius and Kaunas regions

Regular monthly fee LTL 29,90

DVB-T transmitter networks cover 98% of Lithuanian population

Results for the year 2012

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TEO GROUP IT SERVICES

Baltic Data Center (BDC) a leader in data
center and information systems management in the Baltic States 7 data centers fully comply with international standards A broad range of IT outsourcing services More than 210 highly skilled IT professionals Customers from Lithuania, Latvia, Estonia, Finland, Sweden, Norway, Denmark, Poland Services are provided under ISO 20000 and ISO 27001 certificates and ITIL best practice Professional support 24x7 (IT Service Desk) Webhosting services are provided by Hostex, a subsidiary of BDC In 2012, BDC revenue was LTL 73 million

Results for the year 2012

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CALL CENTER SERVICES

Lintel is the largest and most modern Call

Center service provider in Lithuania 6 Call Centers with 800 work places handle around 15 million calls a year All geographically remote Call Centers are connected into one virtual Call Center Call Centers are located in Vilnius, Kaunas, Klaipda, Panevys and Radvilikis More than 1,000 employees Services provided in Lithuania, Russian and English Directory Inquiry Service 118 Telemarketing and remote customer care services for business customers IT consultations service 24x7

Results for the year 2012

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CARRIER BUSINESS
Being the largest operator in Lithuania, TEO provides services not only to retail customers but also to national and international operators National operators are provided with voice and data networks interconnection 58% of Lithuanias direct international Internet traffic goes through TEO connections International carriers are offered calls termination in fixed and mobile networks of Lithuania, voice and data transit to networks of other international operators TEO has points of presence (POP) in Frankfurt, Riga, London and Stockholm

Results for the year 2012

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ELECTRONIC COMMUNICATIONS MARKET OF LITHUANIA

Dynamics of the market Main market figures Figures of main operators TEO market shares

Results for the year 2012

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TELECOMMUNICATION MARKET IN LITHUANIA (LTL MILLION)

3,500 3,000
730 3,125 2,884 2,574

2,394
677 2,271 550 159 189 501 494 428 203 501 350 216 493

2,500 2,000 1,500

119 457

Network interconnection Audiovisual services Internet and datacom Leased lines and dark fiber

Mobile voice
Fixed voice

1,363

1,000 500
400

1,126 984 944 916

355

303

271

246

0 2008 2009 2010 2011 2012

Source: Report of the Communications Regulatory Authority

Results for the year 2012

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MAIN MARKET FIGURES

31-12-2012 Total market revenue (LTL million) Number of telephone lines per 100 inhabitants 2,271.4 22.1 31-12-2011 2,394.7 21.7 Change (%) (5.2) 2.1

Number of mobile voice subscribers per 100 inhabitants

Number of Internet access subscribers Number of broadband Internet access subscribers per 100 inhabitants Number of fixed Internet access subscribers per 100 inhabitants Number of pay-TV subscribers Number of digital pay-TV subscribers per 100 households Total market investments (LTL million)
Source: Report of the Communications Regulatory Authority

167.7
1,054,262 35.4 25.9 709,567 32.1 265.8

154.3
988,825 30.9 22.9 668,172 25.2 359.9

8.7
6.6 14.5 13.1 6.2 27.6 (26.2)

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BREAKDOWN OF THE TELECOMMUNICATIONS MARKET REVENUE IN 2012 BY OPERATORS

Others 19.6% Bit Lietuva 16.2%

TEO is the largest operator in

Lithuania in terms of revenue

TEO 28.9%

Omnitel, Tele2 and Bit Lietuva

are mobile operators

Omnitel and TEO belong to

TeliaSonera Group
Tele2 18.2% Omnitel 17.1%

Source: Report of the Communications Regulatory Authority

Results for the year 2012

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MAIN TELECOMMUNICATIONS MARKET PLAYERS REVENUE CHANGES (LTL MILLION)

1.4%

8.6%

750

760

2.0%

2.1%

555

507 474

485

485

474

TEO

Omnitel 2011

Tele2 2012

Bit Lietuva

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MAIN TELECOMMUNICATIONS MARKET PLAYERS EBITDA CHANGES (LTL MILLION)

1.6%

302

307

13.2% 1.7%

155

171 134

171

145

143

TEO

Omnitel 2011

Tele2 2012

Bit Lietuva

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MAIN TELECOMMUNICATIONS MARKET PLAYERS EBITDA MARGIN CHANGE

40.4%
36.0% 35.2% 29.9% 30.0% 27.9% 26.5%

40.3%

TEO

Omnitel 2011

Tele2 2012

Bit Lietuva

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TEO MARKET SHARE IN TERMS OF REVENUE

93.0%

92.8%

60.4%

58.1% 60.0%

62.0%
53.6%

54.9%
39.1%

42.2%
29.1%

30.7%

33.4%
29.1%

Fixed voice

Leased lines

Datacom

Fixed Internet access

Internet access (in total)

Network interconnect

Pay-TV

Q4 2011

Q4 2012

Source: Report of the Communications Regulatory Authority

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TEO COMPETES IN ALL AREAS EXCEPT MOBILE VOICE

Market Market revenue for the year 2012 (LTL million) 245.6 406.9 27.0 86.2 349.6 Change from 2011 (%) (9.4) (1.8) (2.0) (0.2) (18.3) Number of market players 48 100 11 20 >5 TEO share in Q4 2012 (%) 92.8 42.2 62.0 58.1 35.3

Fixed voice Internet access Leased lines Data communication Network interconnection

Pay-TV TV and radio program transmission

Dark fiber Mobile voice

188.7 27.0

10.2 (13.0)

45 2

30.7 n/a

23.6 916.0

18.0 (3.0)

17 3+4

n/a -

Source: Report of the Communications Regulatory Authority

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FIXED VOICE TELEPHONY MARKET IN LITHUANIA (Q4 2012)

48 companies are providing fixed voice services:

- 35 provide national and international calls - 8 only international calls - 5 only wholesales (transit) services 35 companies are using IP network, 16 of them CATV and data communication networks Number of alternative operators subscribers: 71.2 thousand or 10.5% of total subscribers number
TEO market share (Q4 2012) in terms of: Total number of customers Total traffic (%) 89.5 93.7

Revenue from local calls

Revenue from domestic long distance calls Revenue from international calls

99.9
90.9 77.5

Source: Report of the Communications Regulatory Authority

Results for the year 2012

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INTERNET ACCESS MARKET IN LITHUANIA (Q4 2012)

Access type

Number of users (000) 403 282 183 128 43 15 1,054

Change, y-o-y (%) 11.9 9.6 (7.2) 20.4 (6.4) (30.0) 6.6

Q4 2012 revenue by service providers

Fiber optics Via mobile network DSL Wireless Via CATV network Via LAN Total:

Others 27.7%

TEO 42.2%

LRTC 7.0%

Satgate 7.9%

Bit Lietuva 6.7%

Omnitel 8.5%

Results for the year 2012

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PAY TV MARKET IN LITHUANIA (Q4 2012)

Number of operators 41 Number of users (000) 310.5 Change to Q3 2011 (%) (5.3) Revenue 9 months of 2012 (mLTL) 63.2 Change to 9 months of 2011 (%) (6.5)

Access type Analogue CATV Digital: Digital CATV Digital MVDS

19 2

102.4 17.5

30.4 (6.5)

22.9 5.7

89.3 3.5

IP TV DVB-T Digital satellite

Total digital: Total:

9 2 1
25

102.5 75.8 100.9

399.1 709.6

22.7 5.5 15.0

17.3 6.2

33.8 23.8 39.3

125.5 188.7

32.8 11.3 0.1

21.0 10.2

Source: Report of the Communications Regulatory Authority

Results for the year 2012

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FINANCIAL RESULTS
Revenue, EBITDA, net profit Investments Balance sheet Cash flow Dividends

Results for the year 2012

25.04.2013

REVENUE, EBITDA & NET PROFIT

(LTL MILLION)

826

816 773 750

760

349

338

310 169

302 163
154 2011

307 159

160
2008 2009

2010

2012

Revenue

EBITDA

Profit

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DYNAMICS OF TEO MAIN FINANCIAL INDICATORS (LTL MILLION)

1.4%

750

760

1.3% 1.6%

449

455 302 307

3.0%

154 Revenue Operating expenses EBITDA

159

Net profit

2011

2012

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REVENUE (LTL MILLION)

5.2%

374 355 6.9% 5.2% 172 161 92 87 48 Voice telephony services Internet services Datacom and network services 57 48 64 27 25 20.1% 35.2% 9.7%

TV services

IT services

Other services

2011

2012

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OPERATING EXPENSES (LTL MILLION)

0.3% 8.7%

201

202

9.0%

170
157 91 83

Cost of goods sold

Employee related expenses

Other expenses

2011

2012

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ASSETS (LTL MILLION)

1,159

1,138

Non-current assets
amounted to 69.9% of total assets (31-12-2012) Cash and held-tomaturity investments alone amounted to 20.3% LTL 155 million were paid out as dividends for 2011 in May 2012 Return on capital employed: 17.6% Return on average assets: 15.8%

735

755

61 219 123 55 236 113

31-12-2011
Property, plant and equipment Cash and investments

31-12-2012
Other non-current assets Other current assets

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EQUITY AND LIABILITIES (LTL MILLION)

1,159 1,138

Shareholders equity
amounted to 90.1% of the total assets (31-12-2012) LTL 155 million were paid out as dividends for 2011 in May 2012 Borrowings amounted to LTL 3.3 million Net debt was negative and amounted to LTL 232 million Gearing ration: (22.2)% Debt to equity: 0.3% Return on equity: 15.7%

777

777

78 187 76 2011-12-31 Current liabilities Retained earnings Share capital

Results for the year 2012

78 190 21 90 2012-12-31 Non-current liabilities Legal reserve 24

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TEO RETAINED EARNINGS VS DIVIDENDS

(LTL MILLION)
183 178

166

163 144 140

161

155

161

155

2008

2009 Retained earnings

2010

2011

2012

Paid dividend amount

Following the Law on Company of the Republic of Lithuania dividends shall be paid
from the Parent companys retained earnings On 25 April 2013 the Annual General Meeting of Shareholders decided to pay LTL 155 million or LTL 0.20 per share of dividends for the year 2012
25.04.2013 44

Results for the year 2012

DIVIDEND PAYOUT
0.23 0.21

0.22

0.21

0.21 0.18

0.20 0.20

0.20 0.20

2008

2009

2010

2011

2012

Consolidated earnings per share (LTL)

Dividend per share (LTL)

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CASH FLOW
(thousand LTL) Net cash from operating activities 2012 308,489 2011 298,567

Net cash used in investing activities Net cash used in financing activities Increase in cash and cash equivalents

(165,142) (156,338) (12,991)

(188,488) (141,016) (30,937)

Capital investments during 12 months of 2012 amounted to

LTL 151 million (LTL 156 million in 2011) LTL 120 million went to expansion of the core and fiber-optic access network LTL 25 million was invested into IT systems, LTL 3 million into transportation, and LTL 2 million renovation of premises In May, the Company paid out LTL 155 million of dividends for the year 2011 (i.e. 0.20 litas per share)

Results for the year 2012

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TEO INVESTMENTS (LTL MILLION)

191

180
156 117 92 51 77

151

65

55

2008

2009

2010

2011

2012

Total capital investments

Investments into FTTH access network

Results for the year 2012

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SHARES AND SHAREHOLDERS

Shareholders Listing of shares Market capitalisation Trading in shares Shares and indexes

Results for the year 2012

25.04.2013

SHAREHOLDERS OF TEO
TeliaSonera AB (Sweden) is the largest shareholder of TEO LT, AB In 1998, Telia AB and Sonera Oy together acquired 60% of the Companys shares during the privatization
Shareholders as of 31 December 2011

Part of shares and votes

TeliaSonera AB East Capital (Sweden) 68.29% 7.24%

In 1999, employees acquired 5% of shares as part of the privatization process

In 2000, during the IPO 25% of shares were sold to private and institutional investors During 2003-2011, the State of Lithuania distributed 10% of the Companys shares as compensation to citizens of Lithuania In 2009, TeliaSonera during the tender offer increased its holding by 5% In 2012, TeliaSonera increased its holding up to 88% though direct deals, on an open market and by launching a takeover bid

Others

24.47%

Shareholders as of 31 December 2012 Part of shares and votes TeliaSonera AB Others 88.15% 11.85%

Results for the year 2012

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TEO SHARES
Since June 2000 TEO shares are listed on NASDAQ OMX Vilnius stock exchange (ticker: TEO1L) Since January 2011 TEO shares were included into the trading lists of a few German stock exchanges (ticker: ZWS) Turnover on the Vilnius stock exchange during 2012: 98 million shares or LTL 217 million Share price on NASDAQ OMX Vilnius:
945 1,923 2,060

Market Capitalisation (LTL million)

1,610
1,491

LTL
01-01-2012 High Low 31-12-2012 2.075 2.659 2.061 2.625

EUR
0.601
31-12-2008 31-12-2009 31-12-2010 31-12-2011 31-12-2012

0.770 0.597 0.768

Results for the year 2012

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TRADING IN TEO SHARES ON NASDAQ OMX VILNIUS STOCK EXCHANGE IN 2012

45,000,000 3.000

40,000,000
2.500

35,000,000

30,000,000

2.000

25,000,000 1.500 20,000,000

15,000,000

1.000

10,000,000 0.500 5,000,000

0
Volume (units) Price (LTL)

0.000

Results for the year 2012

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TEO SHARE PRICE AND NASDAQ OMX VILNIUS INDEXES COMPARISON

Source: NASDAQ OMX Vilnius

Results for the year 2012

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CORPORATE GOVERNANCE
Managing bodies Board Senior management Corporate social responsibility

Results for the year 2012

25.04.2013

GOVERNING BODIES
The Annual General Meeting of Upon termination of the 2 years The Board elects and recalls the The General Meeting also elects On 24 April 2012 shareholders
elected PricewaterhouseCoopers as the Companys independent auditor the Companys independent auditor for a term of 2 years General Manager (CEO) General Manager (CEO) term, a new Board consisting of 6 members was elected

Shareholders was held on 25 April 2013

General Meeting of Shareholders

Board
Audit Committee Remuneration Committee

Results for the year 2012

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TEO BOARD (ELECTED IN 2013)

Malin Frenning Member of the Board Represents TeliaSonera AB Tiia Tuovinen Member of the Board Represents TeliaSonera AB

Inga Skisaker Independent member of the Board

Jens Lw Member of the Board Represents TeliaSonera AB

Mats Lillienberg Member of the Board Represents TeliaSonera AB

Rolandas Virilas Independent member of the Board

Rolandas Virilas has 100,000 shares of TEO, other members of the Board have no
direct interest in the share capital of TEO
Results for the year 2012 25.04.2013 55

SENIOR MANAGEMENT
Giedrius Vegys (born in 1959), Acting General Manager Darius Didgalvis (born in 1969) Chief Technology Officer and Deputy General Manager

Edis Kasperaviius (born in 1961) Chief Sales Officer

Eglut Bivainien (born in 1967) Chief Operational Officer

Nerijus Ivanauskas (born in 1970), Chief Marketing Officer and Deputy General Manager

Antanas Poka (born in 1967) Acting Chief Financial Officer

Senior managers of the Company do not own any shares of the Company
Results for the year 2012 25.04.2013 56

TEO SOCIALLY RESPONSIBLE COMPANY

In 2005, the Company joined the UN Global

Since 2007

Compact

TEO acts in an ethical, fair and

TEO annually issues its Social Corporate Responsibility Reports

transparent manner towards the market, environment protection, society and employees innovative means and the most modern technological processes that meet all ecological standards and help reduce the negative impact on the environment consumption by 5.4%, electricity by 9.7%

In its activities, TEO uses only the most

In 2012, the Company reduced fuel

During National Responsible Business Awards 2011 TEO was recognized as a Socially Responsible Enterprise" of the year

Results for the year 2012

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THANK YOU FOR YOUR ATTENTION

More information about the Company is available at www.teo.lt